Market Curiosity: Exploring Markets And Systems

January 14, 2009

Buy momo SCL (updated)

Filed under: Just Watching — Tags: — Jeff Fitzmyers @ 7:00 am

+ MMA home page has the stock indices at “151” suggesting a higher than usual correspondence to a reversal.
+ Narrow range bar.
+ Down day but rather good volume: loading the spring.
+ If price goes up, it will be bouncing from the 34 and 170 EMA’s. This is significant support.
+ Insiders own 25% and only sold about 2% in the past 6 months.
+ Low float and has 2% yield.
+ Buy stop at 43.77 ish with a limit at 43.98 ish.
+ Risk is low at a stop loss of 42.30 ish.
– The Put Call Ratio CCI as shown on StockCharts.com has already moved away from -100.

UPDATE Jan 14th: This is why I like to buy on a stop rather than a limit 🙂 Down 4% today: no trade.

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